SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Tech Bull who wrote (16032)1/26/2000 12:23:00 PM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 19700
 
So who is selling CMGI at these levels??

A few types of individuals, IMO:

1. The people who bought in over 130 (post split) and decided that roller coaster rides are not for them.

2. Those who ascribe to the mantra "You never go broke taking a profit"

3. Those who have already met the long term capital gain holding period.

4. Those who sold puts at high volatilities and are shorting the stock to maintain a relatively delta neutral position, waiting for a collapse in volatility.

But I sure have to agree with you, sure seems silly not to be buying the company at these levels. Particularly if you're willing to sit on the stock for another 3-5 years....

Mark